Clydesdale Bank reduces rates on a number of products

We are delighted to announce that we have reduced a number of our rates from Friday 8th March.

8th March 2013

The reductions will apply on some of our residential 2 year fixed rates, 5 year fixed rates, Low Start mortgages, loans over £1million and interest only.

The full product range is available on our product pages. Here are some key highlights:

Capital and Interest Residential

• 2 year Fixed Rate maximum 70% LTV with an initial rate of 2.49% (the overall cost for comparison is 4.6% APR)
• 5 year Fixed Rate maximum 60% LTV with an initial rate of 2.99% (the overall cost for comparison is 4.2% APR)

Low Start Mortgage

Low Start Mortgages available up to 80% LTV, but initial rates start from:

• 3 year Fixed Rate maximum 60% LTV with an initial rate of 2.89% (the overall cost for comparison is 4.5% APR)

Large Loans – Over £1 million

• 2 year Fixed Rate maximum 60% LTV with an initial rate of 2.69% (the overall cost for comparison is 4.6% APR)
• 5 year Fixed Rate maximum 60% LTV with an initial rate of 3.19% (the overall cost for comparison is 4.3% APR)
• 2 year Offset Discount maximum 60% LTV with an initial rate of 3.29% (the overall cost for comparison is 4.7% APR)

Don’t forget!

We recently introduced new LTV tiers to our buy to let range. Our full buy to let range has fixed fees and our rental calculation is based on initial rate. The range includes:

• 2 year Fixed Rate buy to let maximum 75% LTV with an initial rate of 3.99% (the overall cost for comparison is 5.3% APR)

The existing products that the new rates apply to will be withdrawn by close of business today, 8th March 2013.

For further information about our products, please visit our Products Pages or contact your Relationship Partner.

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